Additional AGM Resolution

RNS Number : 2077F

Photo-Me International PLC

07 October 2008

Tuesday 7 October 2008

PHOTO-ME INTERNATIONAL PLC

Additional AGM Resolution

Photo-Me (PHTM.L) will today post a circular to shareholders. The circular contains a notice of an additional resolution to be proposed at the 2008 Annual General Meeting on Wednesday 29 October 2008.

Tibergest BV, a member of the Company holding 19.8% of the issued share capital (in which holding Mr Serge Crasnianski has declared an interest), has requisitioned the circulation of an additional resolution under the provisions of Section 338 of the Companies Act 2006. The resolution ('THAT Serge Crasnianski be, and hereby is, appointed to the Board of directors of Photo-Me International Plc as a director') will be proposed as an ordinary resolution and, as such, will be passed if more than 50% of the votes cast are in favour.

Tibergest BV has supplied the following supporting statement: 'Serge Crasnianski was a member of the Board of directors from 1990 to December 2007, sitting as Chief Executive Officer from 1998 to November 2007. During these years, he contributed substantially to the development and success of the Company in relation to both product development and profitability. We believe that his sector knowledge, technical expertise and strong relationships with the major clients of the Company will benefit both the Board of directors and the Company as a whole. Accordingly, we urge you to vote in favour of the above resolution'.

On the basis that Mr Crasnianski will be returning to the Board as a non-executive director, the Board unanimously recommends that shareholders vote in favour of the resolution, which the Board considers to be in the best interests of the Company and its shareholders as a whole.

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